Backers of a ballot question asking voters to approve dedicating state income tax revenue to a new affordable housing fund got a victory Friday when the Secretary of State announced Initiative 108 had obtained a sufficient number of signatures and will be placed on the Nov. 8 ballot.
“The first time housing’s been on the ballot in Colorado,” said Mike Johnston, a former Democratic state senator and current CEO and President of Gary Community Ventures. “What we know is we’re going to need a permanent stable revenue source committed to keeping housing affordable in this state if we’re going to solve that problem.”
The initiative calls for 0.1% of state income tax revenue to be diverted from the state’s General Fund to a new…
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